Private pension plans: more money in old age with a clever trick

Worrying statistics show that many people are coming under financial pressure in retirement. Private provision can help you avoid this trap. However, it is not only about the amount of the monthly premium, but also about the choice of the right savings product.
One way to do this is to use so-called ETFs (Exchange Traded Funds), which offer broad diversification and can thus reduce risk. But there is another trick to increasing your own assets in old age and even saving taxes in the process. This method is called Riester subsidy and is especially interesting for employees.
The concept is simple: By making regular payments into a Riester contract, you can claim state allowances and tax benefits. In addition, there is the possibility to adjust the contract to your own life situation and needs. A Riester contract, for example, can be an effective supplement to the state pension and ensure a financially secure future.

The importance of private pension provision for old age

In today’s world, it is more important than ever to look after your own retirement provision. The state pension alone is often not enough to maintain your standard of living in old age. With private pension provision, however, you can create additional financial security to be independent and carefree in old age.

One of the easiest ways to make private provision is to build up assets over the long term. This can be done, for example, by taking out a private pension insurance policy or setting up a savings plan in a savings account. It is important to start making provisions in good time in order to benefit from compound interest and long-term returns.

Those who opt for private pension provision not only benefit from additional financial security in old age. Tax benefits and state allowances can also make setting up a private pension more attractive. For example, tax advantages can be used within the framework of a Riester pension, a company pension or a basic pension in order to have more money available in old age.

• To summarize:
• – Old age should be tackled in good time.
• – Through private pension provision, you can create additional financial security.
• – Tax benefits and state allowances are an additional incentive.

Private pension provision: a trick to more money in old age

If you want to make long-term provisions, there are various ways to secure a financial cushion in old age. One option is private pension provision, which allows you to save money in addition to your state pension. There are different approaches to optimizing your private finances.

A popular variant is the Riester pension. This type of private pension is subsidized by the state and is primarily intended for employees. For young families, there is also the possibility of child allowances. Alternatively, you can also take out a private pension insurance policy that guarantees you a monthly pension.

Another option is to accumulate assets through investment funds. Here you invest your money in stocks, bonds or real estate and benefit from the performance of these asset classes. A combination of several options is also conceivable. Whether Riester pension, private pension insurance or investment fund – which option is best for you depends on various factors. Thorough advice from an expert can help you make the best decision.

• Advantages of private pension provision
• Supplement to the statutory pension
• Government subsidies possible
• Individual structuring options
• Disadvantages of private pension provision
• No guarantee of secure returns
• Complex products and many options
• No inflation protection

A private pension is a sensible measure to ensure financial security for the future. However, it is essential to obtain comprehensive advice and to choose the right option. Take advantage of the various options to have more money in old age with a twist.

Private pension provision: financially secure your old age with a simple trick

There are many ways to be financially secure in old age. A statutory pension is often not enough to maintain your accustomed standard of living. Therefore, it is important to make private provisions at an early stage. But many people find it difficult to put money aside on a regular basis. Here’s where a simple trick can help:

If you set up a monthly transfer to a separate account that is used exclusively for private retirement planning, you automatically save money and have less available at the end of the month. Regular payments into the retirement savings account accumulate a considerable amount of assets over the years.

It is important that the money in this account is not touched and is only used for private pension provision. In addition, the account should not have access via online banking in order to avoid impulse purchases. Those who apply this trick consistently can enjoy financial freedom in old age and be less dependent on state benefits.

• A private pension plan secures your financial future in old age.
• A monthly savings amount in a separate account accumulates considerable assets over the years.
• It is important that the money in the retirement savings account is not touched and is used exclusively for private retirement savings.
• One trick is not to make the account accessible to online banking in order to avoid impulse purchases.

Important aspects when choosing a private pension

Private pension provision is an important option for ensuring financial security in old age. However, there are many different offers and it is important to inform yourself thoroughly and choose the right offer.

Particular attention should be paid to the amount of the return as well as the costs and fees of the respective provider. The term and termination conditions should also be carefully examined.

• Yield: The yield is a decisive criterion when selecting a private pension plan. It is important to note that higher returns are often associated with higher risks. A good compromise is a balanced mix of safe and high-yield investments.
• Costs and fees: The costs and fees charged by providers can have a major impact on returns. Therefore, these should be carefully examined. These include, for example, acquisition fees, administration costs and issue surcharges.
• Term: The term of the private pension plan should be adapted to individual needs. If you start saving early, you can choose a longer term and thus benefit from higher returns. On the other hand, too short a term can lead to lower returns.
• Cancellation conditions: Cancellation terms should also be carefully examined. Early termination can be associated with high costs, which is why caution is advisable here.

In summary, when choosing a private pension plan, it is important to check and weigh carefully. Above all, yield, costs, term and termination conditions should be taken into account. If you take these aspects into account, you can create a solid financial basis for your old age.

Private supplementary health insurance: a trick to more money in old age

Private pension provision is an effective method of ensuring better financial security in old age. But often the necessary knowledge to choose the right pension strategy is lacking. One option is to invest in shares or funds, which can offer high returns in the long term.

An important trick here is that regular saving pays off. If you start early enough and invest a fixed monthly amount in your pension, you can build up a considerable fortune after a few decades.

• The compound interest effect: Due to the compound interest effect, the money saved can be reinvested again and again, which results in a significant increase in assets in the long term.
• Flexibility: pension strategies should be flexible in order to be able to react quickly in the event of market changes.
• Individuality: Everyone should choose a retirement strategy that is tailored to personal needs and goals. Professional advice can help.

Those who approach their private pension provision with a long-term investment horizon and regular savings can enjoy an additional income in old age and be better financially secured.